10 Things You Need To Know This Morning

Asian markets were lower in overnight trading with the Nikkei falling 3.8% as markets were disappointed by new measures revealed under Abenomics. Europe is selling off and U.S. futures are modestly lower.

The ISM non-manufacturing index for May and factory orders for April are out at 10 a.m. ET. Consensus is for the ISM index to rise to 53.8 and for factory orders to rise 1.4% on the month.Follow the release at Business Insider >

The Beige Book, released two weeks before the Federal Open Market Committee (FOMC) meets, is out at 2 p.m. ET. Investors watch this for clues on economic conditions that could affect FOMC decisions on monetary policy. Follow the release at Business Insider >